Czech Republic signs deal to sell 3.5 million allowances to Austria

The Czech Ministry of Environment announced Tuesday that it had sold 3.5 million emissions allowances to the Austrian government. No details of the price of the allowances stemming from the Czech Republic’s surplus for the 2008-2012 trading period were given. The latest deal takes Czech state sales of excess emissions allowances to 63.5 million. The two previous contracts were for 40 million allowances to the Japanese government and 20 million for the Mitsui company. This leaves the Czechs with 36.5 million allowances unsold. Czech environment ministry spokesman Jakub Kaspar said on Tuesday that a fourth deal should follow Wednesday with the Spanish government. Another two contracts are in the pipeline by the end of the year, he added.